Boston Properties downgraded to Equal Weight from Overweight at Barclays

Barclays analyst Anthony Powell downgraded Boston Properties to Equal Weight from Overweight with a $57 price target. The anticipated increase in lender scrutiny to real estate lending adds another headwind to the office REIT subsector, which tends to have more near-term maturities than other subsectors, the analyst tells investors. This adds to other challenges that include hybrid work and corporate layoffs, the firm said.